Petrobras Shares Down with Mixed Options Sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy PBR?
Mixed options sentiment in Petrobras (PBR), with shares down 12c near $15.13. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.76. Implied volatility (IV30) dropped 0.65 near 34.35,and above the 52wk median, suggesting an expected daily move of $0.33. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Petrobras (PBR) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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Analyst Views on PBR
Wall Street analysts forecast PBR stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.290
Low
13.30
Averages
15.15
High
17.00
Current: 15.290
Low
13.30
Averages
15.15
High
17.00
About PBR
Petroleo Brasileiro SA Petrobras is a Brazil-based company. The Company specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production (exploration, development, and production of crude oil, natural gas liquids, and natural gas); Refining, Transportation, and Marketing (refining, logistics, transport, trading of oil products, ethanol export, shale processing); Gas and Power (transportation and trading of natural and imported gas); Biofuels (production of biodiesel and ethanol); Distribution (fuel distribution); and Corporate (administrative and support functions).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Stock Decline: Braskem (BAK) shares fell by 13.2% in Thursday's trading, reflecting market uncertainty regarding its future transactions, particularly after Petrobras (PBR) opted not to exercise its first-refusal rights, which may undermine investor confidence.
- Transaction Context: This decision pertains to the potential transfer of Braskem shares held by Novonor subsidiary NSP Investimentos S.A. to Shine I FIDC, indicating market concerns over changes in Braskem's equity structure that could impact its financing capabilities and market positioning.
- Future Disclosure: Both Braskem and Petrobras stated that additional material facts will be disclosed once final terms of the potential transaction are notified, which may influence investor expectations regarding the company's future developments, especially amid pre-transaction market volatility.
- Impact of Rating Changes: Although market sentiment towards Braskem has become more cautious, analysts' upgrades for 2026 could yield positive long-term effects for the company, particularly as market sentiment stabilizes.
See More
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- Earnings Season Strategy: Traders should avoid holding positions during earnings releases, as it resembles a coin flip with high risks, and instead focus on trading opportunities before the earnings report to enhance success rates.
- Astera Labs' Strong Performance: Astera Labs (NASDAQ:ALAB) achieved a 100% win rate over the last four quarters, with an average gain of 65.06% by buying call options one week before earnings, showcasing its robust market performance and investment potential.
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See More
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- Surge in Exports: Petrobras (PBR) achieved record oil and derivatives exports of 1.2 million barrels per day in Q4, marking a 79% year-over-year increase, indicating a significant enhancement in the company's global market competitiveness.
- Production Growth: During the same period, Brazil's oil output rose approximately 20% to 2.5 million barrels per day, reflecting the company's success in improving production efficiency and resource development, thereby solidifying its market position.
- Client Diversification Strategy: While China remains the primary market, accounting for 52% of total exports, India's share increased from 7% to 12%, showcasing the company's proactive efforts in client diversification, which helps mitigate market risks.
- Market Share Shifts: Exports to Europe decreased from 38% to 13%, and shipments to the U.S. fell from 9% to 3%, indicating the company's strategic adjustments in response to changing global demand dynamics.
See More
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Sales Volume: The company achieved sales of 3.4 million barrels per day (bpd) during this period.
See More
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- Legitimacy of Transactions: The Namibian government stated that the offshore license transactions by TotalEnergies and Petrobras will not be recognized until the formal approval process is completed, emphasizing that any unapproved transactions are invalid, which could expose the companies to legal risks.
- Equity Acquisition Details: TotalEnergies and Petrobras agreed to acquire a 42.5% interest in the PEL104 exploration license from Maravilla Oil and Gas and Eight Offshore Investments Holdings, but failed to notify the Namibian Ministry of Energy in advance, violating legal requirements.
- Regulatory Reform Context: The Namibian government is advancing plans for its first oil production while reshaping oversight of its energy sector, with recent amendments to petroleum legislation establishing a new upstream regulatory body and tightening conflict-of-interest rules and fiscal transparency.
- Approval Process Impact: TotalEnergies indicated that the deal remains subject to approval by Namibian authorities, and failure to meet all statutory requirements could hinder its oil and gas development plans in Southern Africa, delaying project progress.
See More
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- Block Size: The PEL104 block spans approximately 11,000 square kilometers, with TotalEnergies operating alongside Petrobras, which holds 42.5%, Namcor with 10%, and Eight retaining 5%, indicating a strategic collaboration in the region.
- Energy Strategy Expansion: This acquisition is part of TotalEnergies' broader strategy to expand its exploration and development capabilities in Namibia, following its previous acquisition of a 40% interest in the PEL83 license, reflecting its commitment to diversifying energy resources.
- Low-Carbon Project Exploration: In addition to exploration activities, TotalEnergies operates 43 service stations in Namibia, making it the fourth-largest fuel distributor in the country, while actively exploring opportunities for low-carbon projects, demonstrating its commitment to sustainable energy transformation.
See More
